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Measuring price risk aversion through indirect utility functions : a laboratory experiment

Zeytoon-Nejad, Ali - In: Games 13 (2022) 4, pp. 1-43

prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the paper … experiment using a series of relevant statistical tests. This study uses the multiple price list (MPL) method, which has been one …

Persistent link: https://www.econbiz.de/10013368182

When efficiency requires arbitrary discrimination : theoretical and experimental analysis of equilibrium selection

Güth, Werner; Otsubo, Hironori - In: Games 14 (2023) 5, pp. 1-15

Institutions may rely on fundamental principles, e.g., of legal philosophy, but may also have evolved according to institutional fitness, as gauged by a society's well-being. In our stylized framework where two fundamental principles, equality and efficiency, conflict with each other, one of the...

Persistent link: https://www.econbiz.de/10014426703

Is voting for a cartel a sign of cooperativeness?

Gillet, Joris - In: Games 12 (2021) 2, pp. 1-10

hypothesis we run an experiment where participants play two consecutive Bertrand pricing games: first a standard version without …

Persistent link: https://www.econbiz.de/10012547790

Absolute vs. relative poverty and wealth : cooperation in the presence of between-group inequality

Levi, Eugenio; Ramalingam, Abhijit - 2023

comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of …

Persistent link: https://www.econbiz.de/10014500522

A review of theoretical studies on indirect reciprocity

Okada, Isamu - In: Games 11 (2020) 3/27, pp. 1-17

by refining the assessment function, resolving the punishment dilemma, and presenting a complete solution to the social …

Persistent link: https://www.econbiz.de/10012431933

Repeated interaction and its impact on cooperation and surplus allocation : an experimental analysis

Di Guida, Sibilla; The Anh Han; Kirchsteiger, Georg; … - In: Games 12 (2021) 1/25, pp. 1-19

This paper investigates how the possibility of affecting group composition combined with the possibility of repeated interaction impacts cooperation within groups and surplus distribution. We developed and tested experimentally a Surplus Allocation Game where cooperation of four agents is needed...

Persistent link: https://www.econbiz.de/10012493275

Inequity aversion and limited foresight in the repeated prisoner's dilemma

Backhaus, Teresa; Breitmoser, Yves - 2021

Reanalyzing 12 experiments on the repeated prisoner's dilemma (PD), we robustly observe three distinct subject types: defectors, cautious cooperators and strong cooperators. The strategies used by these types are surprisingly stable across experiments and uncorrelated with treatment parameters,...

Persistent link: https://www.econbiz.de/10012605817

Stimulating risk averse farmers to adopt microbial applications

Tensi, Annika Francesca; Ang, Frederic - In: Q open : a journal of agricultural, climate, … 3 (2023) 1, pp. 1-23

July 2020, 98 Dutch arable farmers have participated in an online survey with an experiment. In the experiment, half of the …

Persistent link: https://www.econbiz.de/10014423500

Should I play or should I go? : individuals' characteristics and preference for uncertainty

Saraiva, Tânia; Gonçalves, Tiago Cruz - In: Games 13 (2022) 2, pp. 1-14

This paper presents an incentivized experiment analyzing the role of demographic characteristics in individual decision …-making under uncertainty. Reactions to a natural source of uncertainty, payoffs in a TV game show, were measured using Fuzzy … preference for uncertainty, measured as willingness to play for an uncertain payoff, in individuals with characteristics most …

Persistent link: https://www.econbiz.de/10013252717

Direct reciprocity and model-predictive strategy update explain the network reciprocity observed in socioeconomic networks

Della Rossa, Fabio; Dercole, Fabio; Di Meglio, Anna - In: Games 11 (2020) 1/16, pp. 1-28

Network reciprocity has been successfully put forward (since M. A. Nowak and R. May's, 1992, influential paper) as the simplest mechanism-requiring no strategical complexity-supporting the evolution of cooperation in biological and socioeconomic systems. The mechanism is actually the network,...

Persistent link: https://www.econbiz.de/10012431828